according to the materials from the site - By CryptoTicker ENG
The cryptocurrency market as a whole is sharply declining, with most major coins losing ground over the last 24 hours. Mass liquidations of positions and a decline in risk appetite have triggered a wave of selling, nullifying recent gains. This drop occurs as investors closely monitor the macroeconomic situation, making digital assets vulnerable to further volatility.
Fresh data from the European Union shows that consumer price inflation remains at 2%, which aligns with expectations. While on paper this signals stability, markets reacted cautiously. Traders interpret this data as a sign that the European Central Bank may not accelerate rate cuts, maintaining tight financial conditions. This indecision puts strong pressure on risk assets, including cryptocurrencies.
$Cardano has not escaped sell-offs. Judging by the four-hour chart, ADA has pulled back to the $0.84–$0.85 zone — a key support level that will determine further dynamics.
Support levels:
$0.8475 — nearest support
$0.8226 (200 SMA) — stronger technical support
$0.7203 — deeper target for decline while bearish momentum persists
Resistance levels:
$0.9073 (50 SMA) — nearest resistance
A breakout above may retest the $0.95–$1.00 level
Technical indicators:
RSI around 44 — approaching oversold conditions, but there is still potential for further decline
Strong bearish candles indicate that sellers maintain control
Cardano Price Forecast: Can ADA Hold Its Ground?
The short-term forecast for Cardano depends on whether bulls can defend the support at $0.82–$0.85. A bounce from here could restore momentum to $0.90–$1.00, while a break below $0.82 threatens a drop to $0.72. In the context of a correction in the entire cryptocurrency market and increasing macroeconomic uncertainty, ADA's short-term position remains unstable. Traders should closely monitor overall market sentiment, as external factors are likely to dictate further actions.
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